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20121202
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people have chosen a divided government. it is up to us to make this divided government work. we have to set aside partisan concerns. how to work together to prepare this economy to get people back on their feet? how do we get this sense of real security and upper mobility for all americans, especially those in need? they are the same. the old ways will not do. we need new thinking and renewed efforts from all americans. it is true that president obama won reelection. i congratulate him on his victory. on january 20, he will face a stagnant economy and a fiscal mess. you might say he will inherit these problems. bft -- [laughter] in his second term, i hope he will offer fresh ideas. failure will mean four more years. we have work to do. i'm proud of our ecampaign. i'm proud of mitt romney. serious solutions for serious reforms, we thank him for doing that. the election did not go our way. the republican party cannot make excuses. we cannot have the next four years on the sidelines. we need to apply our timeless principles to the challenges of the day. our party excels at representing
governments, spending 42% of the gdp. and we want to make any effort to stop that? or are we discussing to say it has never stopped before? >> i think the earlier social security, not fully implemented. there was no medicare. it has been pretty stable since 1980. it goes up and down with the business cycle, but it is pretty stable. this is the division between the right and left. who will continue to fight about bigger government and smaller government. we will not do it by refusing to pay for the government we have, thinking the economy in the process. that would be a good start, as a backdrop. i want to touch on your question about corporate and individual taxes. the third piece is small businesses. we work out how develop a tax code that is good for competitiveness. you need to think about how those play into it. i think one of the things to keep hearing through messages with different groups of people is, while everybody is aware that the solution is going to take sacrifices from all sides, on spending, on revenues -- the confidence you get for putting the deal in place to actually has tre
secretary of the treasury, alexander hamilton, observe energy is a leading character in good government. the president must lead in a divided government and must not advocate his or her responsibility. president obama has the responsibility to propose a real bipartisan plan to avert the fiscal cliff that can pass both the house and the senate. withdrawing from the recommendations of the simpson- bowles commission, the president could propose a plan that would not only avert the so-called fiscal cliff, but also help us avert the fiscal abyss. if president obama were to offer such a plan, republicans would act favorably. going over the cliff is unnecessary. as it has been observed in "the wall street journal," the president is boxing in the republicans. he is offering them a deal they cannot accept. first, the president has repeatedly called for a balanced solution involving both revenue and less spending. what is obvious to the most casual observer is that this plan is not a balanced. the fiscal cliff involves nearly four dollars of anticipated revenue from higher taxes for every dollar
, as we try to govern this country in the 21st century. and i look forward to staying in touch with jim and to working with him at the heritage foundation to see what we can do to improve the fate of our country so we will not become greece. no one is more worried about this nation's unsustainable debt situation than senator demint. i've seen him deinvolve over time to someone who could just not sit quietly, who had to take up the cause. in the 2010 election cycle, he was one of the strongest voices is he h would a lost our way that we'd lost our way in washington. jim is a kind, sincere man, an individual who is a joy to be around. when it comes to what's going on america, jim undstands that if we don't make some changes we're going to lose our way of life. that's what's driven him above all else, to try to keep our country a place to be place where you can be anything. i look forward to working with jim in the private sector. from a personal point of view, we've had a great ride together. it has been fun. it has been challenging, and i think we put south carolina on the map in differe
from the white house was let's fix this problem by incorporating a small businesses and less government intervention to curb the deficit. it has been astronomical. then i heard barack obama say the way we are going to do it is by making more cuts in various ways. he was saying by making more cuts and the only people it is going to hurt is the working class and somewhat of the middle-class. he should mention the fact that out of control spending has a lot to do with the credit card crunch. specifically because of the middle-class. i think if we get those tax cuts centered with them, i do not think the poll would be affected. you have these small companies that are developing, and he is saying have those small companies hire more people and get them involved, but come consumer expenditures. that is partially i think a solution. host: you are calling on the republican line and you think hillary clinton would make a good candidate. would you vote for her in 2016? caller: i think she would be a very vital aspect to the political process. as far as her running for president, 2016 -- god knows
options will get the revenue for the government. >> in terms of getting rid of deductions or expanding the base, there's basically three approaches to we can take. one is the overall cap. capping the total amount of deductions or capping the tax value of deductions like maya and marty feld stein have put forth and the advantage to that is politically you're not actually attacking anyone -- any one specific subsidy, you're just saying we're putting a cap on the overall system. a second way is what john podesta mentioned, we are going to change specific items but wohl change them all in the same way. you're not special, we're not picking on you, so we're going to change all deductions to 18% or something like that. the third way which is probably the perfect way from the economic approach is to deal with each of these on an individual bay sess. tax expenditures generally cover an enormous range of activities whether it's ex-cluges or deductions or credits or lower rates, etc. we call them all tax expenditures but it shouldn't hide the underlying heterogeneity. so a package that went afte
Search Results 0 to 5 of about 6